Baltic Dry Index (BDI) has reached its highest point in the past years, why is it now a good chance to find an specialist in laytime, demurrage & laytime (ltc) calculations?
The world changes every day and so does the shipping market. Covid-19 including lock downs and cogestions specially in China, Suez Canal blocked, crude oil and commodity prices, geopolitical and conflict changing the usual trading routes have createda great amount of volatility in ships supply and demand. Also new ecological regulations for shipping are affecting newbuildings and scrapping old vessels. Future looks challenging for shipowners, charterers & traders however nobody is in the position to know what Will happen to the market.
Some trading routes have achieved levels of $50.000 per day and because of that players often do not pay enough attention to laytime terms in voyage charters as it looks small money compared to freight rates.
One of many examples could be the time used before laytime commencement. For instance, if 6 hours are used before laytime is to commence depending on the terms fixed if demurrage are $50.000 pdpr, this small period is worth $12.500.
After many years in the shipping market we believe that very few players in the industry take laytime matters seriously.
